Deals of the day: Mergers and acquisitions
NVDA•Nvidia agreed to buy a minority stake in Doctolib, while Agilent agreed to acquire Proscia for $240 million in cash plus up to $30 million tied to future performance. Other reported deals include Bumble’s $1.3 billion take-private and Kimberly-Clark’s $40 billion Kenvue acquisition, which received EU approval.
1. Technology and health deals
Nvidia agreed to buy a minority stake in French health care platform Doctolib, the company said. Agilent Technologies agreed to acquire pathology software maker Proscia for $240 million in cash, plus up to $30 million tied to future performance targets.
2. Other reported transactions
Bumble is set to go private in a $1.3 billion deal with Ithaca Holdings. The European Commission approved Kimberly-Clark’s $40 billion acquisition of Kenvue after Kimberly-Clark offered concessions to address EU antitrust concerns. Humana said BlackRock would replace WCAS as its partner in a venture that owns nearly 150 senior primary care clinics, in a deal valued at about $2.8 billion.
3. Additional deal activity
The London Stock Exchange Group confirmed it is in talks with Permira to acquire financial data group Octus for about $3.5 billion. Portugal will pick a winning bidder for a 44.9% stake in TAP from Air France-KLM and Lufthansa “very soon,” a government official said. Character.AI filed for bankruptcy in the United States and agreed to sell some assets to Walt Disney for $20 million.
